Breaking News Instant updates and real-time market news.

Netflix slips from earlier highs

The shares were last at $117.10, off the earlier highs. At that price $117.78 is resistance. Support is at $115.68.

29

Nov

NFLXNetflix

$99.80

-1.67 (-1.65%)

10/18/16

NEED

10/18/16NO CHANGENEEDHold

Needham sees Netflix programming pivot as 'key story' of the quarter

Needham analyst Laura Martin notes that Netflix beat revenue, subscriber guidance and estimates in Q3, and sees its programming pivot as the key story of the quarter. Although the pivot toward more owned programming hurts margins and free cash flow in the near term, the analyst likes the fact that Netflix is now building a content library. Martin reiterates a Hold rating on the shares.

10/18/16

COWN

10/18/16NO CHANGETarget $150COWNOutperform

Netflix price target raised to $150 from $110 at Cowen

Cowen analyst John Blackledge raised his price target on Netflix to $150 from $110. The analyst cited the better than expected subscriber additions and better than expected guidance. Blackledge reiterated his Outperform rating on Netflix shares.

10/18/16

RBCM

10/18/16NO CHANGERBCM

Netflix price target raised to $150 from $130 at RBC Capital

RBC Capital analyst Mark Mahaney raised his price target on Netflix after all of the company's guidance metrics beat expectations. The analyst thinks that the company's fundamentals are continuing to improve, and he keeps an Outperform rating on the shares.

10/18/16

ADAM

10/18/16NO CHANGETarget $140ADAMBuy

Netflix price target raised to $140 from $115 at Canaccord

Canaccord analyst Michael Graham raised his price target on Netflix to $140 from $115 following strong Q3 results. The analyst noted the subscriber growth was ahead of guidance and ahead of his own expectations. Graham also pointed to the company's plans to ramp original content more quickly and said it is still early on penetrating international markets. Graham reiterated his Buy rating on Netflix shares.